Price for Alloy Steel, Flat-Rolled, Width 600mm or More, Cold-Rolled in Hong Kong SAR - 2024

Contents:

1. Price for Alloy Steel, Flat-Rolled, Width 600mm or More, Cold-Rolled in Hong Kong SAR (CIF) - 2024
2. Price for Alloy Steel, Flat-Rolled, Width 600mm or More, Cold-Rolled in Hong Kong SAR (FOB) - 2024
3. Imports of Alloy Steel, Flat-Rolled, Width 600mm or More, Cold-Rolled in Hong Kong SAR
4. Exports of Alloy Steel, Flat-Rolled, Width 600mm or More, Cold-Rolled in Hong Kong SAR

Price for Alloy Steel, Flat-Rolled, Width 600mm or More, Cold-Rolled in Hong Kong SAR (CIF) - 2024

The average import price for alloy steel, flat-rolled, width 600mm or more, cold-rolleds stood at $1,029 per ton in March 2024, waning by -20.3% against the previous month. Over the period under review, the import price showed a mild slump. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 483% m-o-m. As a result, import price reached the peak level of $7,602 per ton. From August 2023 to March 2024, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Japan.

From March 2023 to March 2024, the rate of growth in terms of prices for Germany amounted to +2.5% per month.

Price for Alloy Steel, Flat-Rolled, Width 600mm or More, Cold-Rolled in Hong Kong SAR (FOB) - 2024

The average export price for alloy steel, flat-rolled, width 600mm or more, cold-rolleds stood at $1,422 per ton in March 2024, surging by 25% against the previous month. In general, the export price recorded a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $1,589 per ton in April 2023; however, from May 2023 to March 2024, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for China.

From March 2023 to March 2024, the rate of growth in terms of prices for China amounted to +1.0% per month.

Imports of Alloy Steel, Flat-Rolled, Width 600mm or More, Cold-Rolled in Hong Kong SAR

After three years of growth, purchases abroad of alloy steel, flat-rolled, width 600mm or more, cold-rolleds decreased by -19.4% to 12K tons in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +13.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.4% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 63% against the previous year. As a result, imports attained the peak of 14K tons, and then dropped significantly in the following year.

In value terms, imports of alloy steel, flat-rolled, width 600mm or more, cold-rolleds fell rapidly to $12M in 2022. In general, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 119%. As a result, imports reached the peak of $16M, and then reduced remarkably in the following year.

Top Suppliers of Alloy Steel, Flat-Rolled, Width 600mm or More, Cold-Rolled to Hong Kong SAR in 2022:

1. Japan (11.6K tons)

Exports of Alloy Steel, Flat-Rolled, Width 600mm or More, Cold-Rolled in Hong Kong SAR

For the fourth year in a row, Hong Kong SAR recorded growth in shipments abroad of alloy steel, flat-rolled, width 600mm or more, cold-rolleds, which increased by 72% to 6.4K tons in 2022. Overall, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of alloy steel, flat-rolled, width 600mm or more, cold-rolleds skyrocketed to $10M in 2022. Over the period under review, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Alloy Steel, Flat-Rolled, Width 600mm or More, Cold-Rolled from Hong Kong SAR in 2022:

1. China (6.4K tons)

Source: IndexBox Market Intelligence Platform